Nice buy opportunity. Possible falling wedge. fib Bull div SL: $ TP1: $ TP2: $ Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the hour timeframe perspective, and as I discovered the Ichimoku-cloud which is implemented in the analysis is showing some highly interesting signs the last time worthwhile to determine the further direction firstly on the more short-term-perspective and then also on. Bitcoin Binance Sentiment Index FerdiHodler Dec 13 The divergence of the price between the futures and spot markets for perpetual contracts could be a gauge of sentiment on a traded cryptoasset. Sentiment analysis could be used to improve the the predictive .
Tradingview bitcoin analysisTechnical Analysis of Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD) — TradingView
In these sideways Wave C accelerating as expected. BTC is in a pennant pattern. A break above it's current mark blue arrow on the chart and BTC could challenge it's all time high again Area indicated in a yellow circle on the chart.
It all depends on which side of the pennant BTC decides to exit. Similar setup as to when BTC past the 20K mark 2 posts back If BTC is able to break above and out of it's current pennant pattern it should have a large enough push to challenge the all time high of If BTC can't hold above the level if will fall to previous support of Hi friends, this is the first analysis I have published here.
On the 4 hour time frame BTC has first feigned a drop out of the current pennant pattern, then proceeded to break out the top. The confirmation is the wick marked "new support". Do you see the way it retracted quickly like it touched something hot? That's confirmed support. Circled is the possible Videos only. Bitcoin Bear Flag! BTC can get down in short term.
BTC could test upper limit a fourth time. BTC lost its up channel and now enter in a new down channel. BTC can go too high or it can make an channel on this position. BTC price next 6 month. How does the December is looking? Well if you look careful at my chart, I want you to notice the similarity in the formation of the fractal Price retraced from fast. Facing resistance around I reckon it will test the upper end of this triangle again before brakeout.
As we can see from past ideas, price follows our direction. The previous signal turned out to be very profitable and the price was able to reach the resistance What is there to say, You can see that crypto is definitely trying to break out. I think all i am going to say is this: Money from impatient to the patient.
So hold strong, hold religiously if you have to, just don;t shit coin, mkay bro. Really got little to say for Novermeber, as i think most of the action will come down late Novemeber, Crypto have Nice buy opportunity. Possible falling wedge. BCH bullflag. This is not a Financial advise, just my thoughts. As we can see, our two previous ideas turned out to be profitable as I said. The price followed my direction. As we can see, the level and zone of resistance play the main role in today's idea.